2019-20 JA BizTown Pre-Test

JA BizTown Pre-Test

Please complete the JA BizTown Pre-Test BEFORE the JA BizTown curriculum.

Only ONE attempt to complete the Pre-Test.

Full Name*

First NameLast Name

Date of Birth*

Date

Name of School*

Teacher Last Name*

Questions about the Program

Before participating in this program,please answer these questions below.

1. Which description best describes the circular flow of the economy?*

The flow between business and resourcesThe exchange of money, goods, and services in an economyThe circular flow happens only in a resource marketA circular flow happens only in a goods and services market

2. Who pays for public goods and services?*

PhilanthropistsTaxpayersOnly people who use themGovernment

3. Taxes are:*

Required payments to the governmentPayments for private goods and servicesPayments for philanthropyPayment for business operations

4. Which two of the following examples are financial institutions?*

Savings & Loan and City HallLibrary and Credit UnionCredit Union and BankMuseum and Bank

5. The amount left over from your paycheck after taxes and deductions is called your:*

BalanceGross BalanceTransactionNet Pay

6. Which of the following statements is true?*

You can continue to write checks as long as you have checks in your checkbook.All bank transactions should be recorded in the bank register.A direct deposit is when you take your paycheck directly to the bank after you receive it.Credit cards and debit cards are the same thing.

7. Interests are things people:*

Do wellHave a natural ability forKeep to themselvesLike to do

8. Which two skills are considered soft skills?*

Teamwork and InterestsPunctuality and TeamworkInterests and CompassionDressing Appropriately and Compassion

9. Which of the following is a business expense?*

Personal CareSalesRevenueAdvertising

10 The revenue left over after paying business costs is called:*

ProfitGross BalanceInventoryLoss